Interest on overdrafts is calculated on which method?
Answers
Answered by
0
Hey mate!
I am here with your answer!
Overdraft Interest Calculation Method. The overdraft interest rate is calculated by the average daily balance method. In average daily balance method, the interest is calculated by considering the balance of a current account at the end of each day or each period.
Hope this will help you
Answered by
0
Answer:
hiiii ✌️ mate
here's ur answer in this attachment
Attachments:
Similar questions